The Motley Fool

APRIL 18, 2024

First, on the resale market, I'm curious some of your thoughts there. And when I think about the spec entry-level model, I think you guys have really benefited from the tight resale market over the last few years. Inventories, we have certainly seen more inventory in the market today on the resale side than we have in the past.

Resale 130

Resale Securities and Exchange Commission (SEC) Taxes Capital 130

The Motley Fool

DECEMBER 15, 2023

Four, by driving volume, we gained advantaged insights into and refined the workings of our strategic land banks. The flow of volume through the land banking relationships that define our current approach to land acquisition was invaluable. Situated today with a 9.6% homebuilding debt-to-total cap ratio with $6.3 billion a year.

Resale 130

Resale Debt Assets Financial Services 130

The Motley Fool

MARCH 7, 2024

And finally, Q1 industrial resales of $215 million declined 6% year on year. In fiscal '24, we continue to expand industrial resales to be down high single digits year upon year. Our next question comes from the line of Vivek Arya with Bank of America Securities. Vivek Arya -- Bank of America Merrill Lynch -- Analyst Thank you.

Resale 188

Resale Debt Banks Shareholders 188

The Motley Fool

NOVEMBER 1, 2023

Prior to IBM, Howard was the CTO of Bank of America, which gives him a unique perspective of what customers want in an IT service provider. year-to-year decline, 160 basis points came from a reduced level of low-margin resale revenues, which was in line with our expectations. The modern workplace business declined 9% year to year.

Resale 187

Resale Taxes Capital Assets 187

The Motley Fool

AUGUST 8, 2024

Within our Cloud and Infrastructure business, we recently entered into a long-term IBM mainframe-managed service agreement with First Horizon Bank for ongoing management and support. While resale revenues performed as expected, down 28% year over year, services revenue declined 8% helped by higher-than-anticipated in-quarter volumes.

Resale 130

Resale Consulting Consultants Accounting 130

The Motley Fool

FEBRUARY 4, 2025

year to year organically and services revenue was down approximately 7% and resale fell approximately 16%. 3Q resale was down approximately 2%, improving from steeper declines in recent quarters, and we continue to be selective on our resale opportunities based on deal economics. The book-to-bill ratio of 1.51 Please go ahead.

Resale 130

Resale Consulting Consultants Capital 130

The Motley Fool

JANUARY 23, 2024

Operator Your next question is coming from Joe Ahlersmeyer with Deutsche Bank. Joe Ahlersmeyer -- Deutsche Bank -- Analyst Hey. Joe Ahlersmeyer -- Deutsche Bank -- Analyst That's all very helpful. Joe Ahlersmeyer -- Deutsche Bank -- Analyst All right. Obviously, resale inventory was incredibly tight.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Resale Leveraging Taxes 130

The Motley Fool

OCTOBER 29, 2024

And in markets where there's pressure on insurance, we see a consistent and relatively stable insurance premiums, which are our competitive advantage against the resale market. Somewhat a necessity given the supply chain, somewhat out of -- that's where the demand was given the tight resale market. John Lovallo -- Analyst Understood.

Resale 130

Resale Securities and Exchange Commission (SEC) Taxes Leveraging 130

The Motley Fool

DECEMBER 7, 2023

Industrial resales were 962 million. In fiscal '24, we expect industrial resales to be down low single digits year on year. Questions & Answers: Operator [Operator instructions] Our first question will come from the line of Vivek Arya with Bank of America. And that will come from the line of Ross Seymore with Deutsche Bank.

Resale 130

Resale Banks Assets Shareholders 130

The Motley Fool

JUNE 15, 2023

Our third strategy is to sharpen our attention on land and land acquisitions, as well as on land and land bank strategy. Tight inventory levels in the resale and new home market propelled demand for available new homes, and we offered a combination of attractive pricing and compelling mortgage rate programs to capture that demand.

Resale 130

Resale Assets Debt Capital 130

The Motley Fool

SEPTEMBER 15, 2023

Our third strategy has been to sharpen our attention on land and land acquisition, as well as land and land bank strategies. In our third quarter, we continue to effectively work with our strategic land and land bank partners when they purchase land on our behalf and then deliver just-in-time finished home sites to a homebuilding machine.

Resale 130

Resale Assets Debt Capital 130

The Motley Fool

NOVEMBER 16, 2023

Our performance has kept the Children's Place brands in the leadership position on social media, representing close to 50% of total social impressions among our children apparel resale competitive set. So to get that totally behind us and agreed as part of that to give the bank, obviously, some extra reporting.

Securities and Exchange Commission (SEC) 188

Securities and Exchange Commission (SEC) Taxes Debt Resale 188

The Motley Fool

APRIL 11, 2024

With this program, we are creating the foundation that we'll leverage as we begin to activate the right side of our flywheel and enable customer lifetime value through services, notably beginning with trade-in and resales. And then secondly, can you maybe give us a little bit more color on your trading and resale initiative?

Resale 130

Resale Leveraging Capital Investing 130

The Motley Fool

NOVEMBER 5, 2024

The fundamentals of the housing market are strong, supported by continued household formations, years of underproduction and limited supply of resale homes. Relative to our peer group who has really went all in on land banking, land banking is expensive. We believe this is a near-term dynamic and not a new normal.

Debt 130

Debt Capital Banks Resale 130

The Motley Fool

JULY 30, 2024

At a high level, the housing market remains healthy with demand supported by strong fundamentals, including household formations and migration trends, years of underproduction and a lock-in effect limiting the supply of resale homes. Additionally, we're witnessing a resilient labor market with historically low unemployment.

Leveraging 130

Leveraging Taxes Debt Resale 130

The Motley Fool

JULY 20, 2023

The next question is coming from Joe Ahlersmeyer from Deutsche Bank. Joe Ahlersmeyer -- Deutsche Bank -- Analyst Thanks, and good quarter, guys. Joe Ahlersmeyer -- Deutsche Bank -- Analyst I wanted to follow up on the community count. Joe Ahlersmeyer -- Deutsche Bank -- Analyst Makes sense. Joe, your line is live.

Banks 130

Banks Securities and Exchange Commission (SEC) Leveraging Taxes 130

The Motley Fool

AUGUST 1, 2023

And lastly, the resale home market remains tight as existing buyers are hesitant to leave their low rate mortgages, which limits available inventory and helps to increase new home demand. Operator Our next question comes from Joe Ahlersmeyer with Deutsche Bank. Joe Ahlersmeyer -- Deutsche Bank -- Analyst Thanks very much.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Resale Taxes Banks 130

The Motley Fool

FEBRUARY 1, 2024

As we previously discussed, two of the largest population cohorts, the millennials and recently Gen Zs are having life events lean to increased levels of need-based housing that currently cannot be met by the constrained resale of home supply in the market. While that's still true, we wanted to clarify that we're not opposed to land banking.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Leveraging Finance Financing 130

The Motley Fool

FEBRUARY 2, 2024

And today, it's about taking market share from single families -- single-family market because it's so upside down on a cost to rent perspective and lack of inventory in the resale market. And I think that banks are definitely -- we hear a lot of anecdotal information about banks working very well with their borrowers today.

Debt 130

Debt Taxes Capital Assets 130

The Motley Fool

FEBRUARY 26, 2024

And we had a number of core financial management expansions across our HCM customer base, including Ally Financial, Huntington Bank, Intermountain Health, and Stewart Title Guaranty. And you've got a slew of new products, you've got an expanded partnership strategy, you've got resale -- reseller partnership strategy as well.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Professional Services Education Banks 130

The Motley Fool

AUGUST 3, 2023

We sell our produce gas and basin, and we manage the transport obligation by purchasing third-party gas in basin for resale on the Gulf Coast. Operator instructions] Our first question will come from the line of Doug Leggate with Bank of America. Doug Leggate -- Bank of America Merrill Lynch -- Analyst Gosh. Good morning, guys.

Capital 100

Capital Shareholders Banks Resale 100

The Motley Fool

FEBRUARY 27, 2024

Operator The next question comes from Nitin Bansal of Bank of America. Nitin Bansal -- Bank of America Merrill Lynch -- Analyst Hi. When you have this much mortgage interest rate volatility and you're guaranteeing people loans for 30 years, you're going to have a long-term problem with resale inventory. Please go ahead.

Securities and Exchange Commission (SEC) 100

Securities and Exchange Commission (SEC) Banks Resale Legal 100

The Motley Fool

SEPTEMBER 12, 2024

Last week, we launched our resale platform piloting with our own associates before launching a customer facing experience in the near future. But then, we had these changes which were industry wide, nothing specific to Lovesac related to program fees implemented by a lot of the banks on these types of programs.

Leveraging 130

Leveraging Finance Financing Capital 130

The Motley Fool

AUGUST 31, 2023

Finally, Q3 industrial resales of $236 million declined 3% year on year, reflecting weak demand in China. And in Q4, though, we expect an improvement with industrial resales up low single-digit percentage year on year, reflecting largely seasonality. Vivek Arya -- Bank of America Merrill Lynch -- Analyst Thanks for taking my question.

Mergers and Acquisitions 246

Mergers and Acquisitions Resale Banks Legal 246

The Motley Fool

JANUARY 19, 2024

First question comes from David Begleiter with Deutsche Bank. Dave Begleiter -- Deutsche Bank -- Analyst Thank you. Operator Our next question comes from Stephen Byrne with Bank of America Merrill Lynch. Steve Byrne -- Bank of America Merrill Lynch -- Analyst Yes. Your line is open. Please go ahead. Good morning.

Leveraging 130

Leveraging Resale Taxes Capital 130

The Motley Fool

AUGUST 10, 2023

Next in line is Robby Ohmes with Bank of America. Robby Ohmes -- Bank of America Merrill Lynch -- Analyst Thanks. Robby Ohmes -- Bank of America Merrill Lynch -- Analyst Gotcha. Robby Ohmes -- Bank of America Merrill Lynch -- Analyst But just so I understand -- if I understand the math there's $12.5 Thank you, guys.

Leveraging 130

Leveraging Banks Portfolios Resale 130

The Motley Fool

JULY 24, 2024

Now there's a lot of misconceptions around EVs on the separate areas of costs like resale value and insurance, of course, range and charging, and battery life. Bank of America estimated the profit pool for maintenance, repair, and parts. Operator The next question is from John Murphy with Bank of America. It's a huge upside.

Companies 244

Companies Capital Leveraging Resale 244

The Motley Fool

JANUARY 30, 2025

As we move forward to 2025, we are excited about our opportunity to increase our market share as we compete against new build and resale homes alike. And the other thing I would say is when you look at their resale -- we look at where resale is coming back. We do have other land banking relationships across the country.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Resale Finance Financing 130

The Motley Fool

MARCH 6, 2025

Resales in industrial were down double-digits in Q1 and are expected to be down in Q2. One moment for our next question, and that will come from the line of Ross Seymore with Deutsche Bank. And that will come from the line of Vivek Arya with Bank of America. In Q2, wireless is expected to be the same, flat again year on year.

Debt 194

Debt Resale Taxes Accounting 194

The Motley Fool

OCTOBER 30, 2024

Overall, we do expect markets to return to a more balanced new home versus resale equilibrium in the future, with some of our submarkets already experiencing increased competition from existing home inventory. That's also going to increase the availability of resale inventory, which will impact a bit, ability to push pricing.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Resale Finance Financing 130

The Motley Fool

JANUARY 21, 2025

The other 35%, can you talk about self-developed lots and sort of what I call farmer options versus land banking transactions? And can you talk a little bit, comment at all about your perspective on land bank transactions versus doing self-development on your own books? Michael Rehaut -- Analyst OK. Appreciate that. Operator Thank you.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Taxes Leveraging Capital 130

The Motley Fool

FEBRUARY 19, 2025

fashion resale player. Operator Our next question will come from Lee Horowitz with Deutsche Bank. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Depop's fourth quarter represented the highest year-over-year GMS growth since our acquisition.

Leveraging 130

Leveraging Resale Returns Investors 130

The Motley Fool

FEBRUARY 13, 2025

But let me start with the back of your question in terms of building the land bank and you know the industry extremely well is that the permitting and access to power is something that is taking longer than used to. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.

Leveraging 130

Leveraging Assets Capital Portfolios 130

The Motley Fool

MARCH 4, 2025

This will give us expanded transparency into billions of dollars of goods not for resale spend. Operator Your next question comes from the line of Robby Ohmes of Bank of America. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Please go ahead.

Leveraging 130

Leveraging Resale Assets Capital 130

The Motley Fool

AUGUST 7, 2024

In July this year, Honda shares, owned by non-life insurance or banking institutions, have been sold off in the public as much as 500 billion worth. In addition, Honda sold the shares that we have been holding for those non-life insurance and banking institutions as well. And we did have some impact as well at Honda. Nice to meet you.

Depreciation 130

Depreciation Finance Financing Banks 130